Bakkt Holdings, Inc. (BKKT) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
10000 AVALON BOULEVARD, SUITE 1000 ALPHARETTA, GA 30009 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6199 - Finance Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 98,332 | 391,364 | 1,178 | |||
| Cash and cash equivalents | 98,332 | 391,364 | 1,178 | |||
| Restricted cash and investments | 16,500 | 16,500 | ||||
| Receivables | 25,306 | 18,142 | ||||
| Prepaid expense | 22,822 | 235 | ||||
| Funds held for clients | 591 | 551 | ||||
| Other current assets | 6,060 | 4,784 | ||||
| Other undisclosed current assets | 156,854 | 32,206 | ||||
| Total current assets: | 326,465 | 463,547 | 1,413 | |||
| Noncurrent Assets | ||||||
| Property, plant and equipment | 19,744 | 6,121 | ||||
| Intangible assets, net (including goodwill) | 71,685 | 1,915,587 | ||||
| Goodwill | 15,852 | 1,527,118 | ||||
| Intangible assets, net (excluding goodwill) | 55,833 | 388,469 | ||||
| Deposits noncurrent assets | 15,150 | 15,151 | ||||
| Asset, held-in-trust | 207,376 | |||||
| Other noncurrent assets | 22,458 | 13,879 | ||||
| Total noncurrent assets: | 129,037 | 1,950,738 | 207,376 | |||
| TOTAL ASSETS: | 455,502 | 2,414,285 | 208,789 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities, including: | 66,787 | 64,090 | 893 | |||
| Employee-related liabilities | ✕ | ✕ | 13,349 | |||
| Accounts payable | 25,975 | 10,646 | ||||
| Accrued liabilities | 15,537 | 20,130 | 893 | |||
| Other undisclosed accounts payable and accrued liabilities | 25,275 | 19,965 | ||||
| Deferred revenue | 3,972 | 4,629 | ||||
| Due to related parties | 1,168 | 617 | ||||
| Other liabilities | 3,819 | 3,717 | ||||
| Other undisclosed current liabilities | 16,383 | 551 | 2 | |||
| Total current liabilities: | 92,129 | 73,604 | 896 | |||
| Noncurrent Liabilities | ||||||
| Liabilities, other than long-term debt | 26,514 | 29,086 | 7,258 | |||
| Deferred revenue | 3,112 | 4,819 | ||||
| Deferred compensation liability, classified | 7,258 | |||||
| Deferred income tax liabilities | 11,593 | |||||
| Other liabilities | 23,402 | 12,674 | ||||
| Other undisclosed noncurrent liabilities | 785 | 17,424 | 22,513 | |||
| Total noncurrent liabilities: | 27,299 | 46,510 | 29,771 | |||
| Total liabilities: | 119,428 | 120,114 | 30,667 | |||
| Equity | ||||||
| Equity, attributable to parent, including: | 96,263 | 468,396 | (29,250) | |||
| Additional paid in capital | 772,973 | 566,766 | ||||
| Accumulated other comprehensive loss | (290) | (55) | ||||
| Accumulated deficit | (676,447) | (98,342) | (29,250) | |||
| Other undisclosed equity, attributable to parent | 27 | 27 | 1 | |||
| Equity, attributable to noncontrolling interest | 239,811 | 1,825,775 | ||||
| Other undisclosed equity | 207,372 | |||||
| Total equity: | 336,074 | 2,294,171 | 178,122 | |||
| TOTAL LIABILITIES AND EQUITY: | 455,502 | 2,414,285 | 208,789 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|
| Revenues | 54,567 | ||||
| Gross profit: | 54,567 | ||||
| Operating expenses | (2,073,480) | ||||
| Operating loss: | (2,018,913) | ||||
| Nonoperating expense (Other Nonoperating expense) | (856) | ||||
| Loss from continuing operations before equity method investments, income taxes: | (2,019,769) | ||||
| Other undisclosed income from continuing operations before income taxes | 18,515 | ||||
| Loss from continuing operations before income taxes: | (2,001,254) | ||||
| Income tax benefit | 11,320 | ||||
| Loss from continuing operations: | (1,989,934) | ||||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ||
| Net loss: | (1,989,934) | ||||
| Net income attributable to noncontrolling interest | 1,411,829 | ||||
| Net loss available to common stockholders, diluted: | (578,105) | ||||
Comprehensive Income ($ in thousands)
| 3/31/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|
| Net loss: | (1,989,934) | ||||
| Other undisclosed comprehensive loss | (791) | ||||
| Comprehensive loss: | (1,990,725) | ||||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 1,412,385 | ||||
| Comprehensive loss, net of tax, attributable to parent: | (578,340) | ||||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.